Rishi Sunak extends furlough scheme for another month

Chancellor Rishi Sunak has extended the furlough scheme for one month until the end of April next year. He said the move would provide “certainty for millions of jobs and businesses”. It means the government will continue to pay 80% of the wages of workers who have been furloughed. Mr Sunak also confirmed he would […]

Moderna releases vaccine update

Pharmaceutical firm Moderna has released another tranche of data relating to the effectiveness of its COVID-19 vaccine, with introduction of the jab expected in the UK and US before the end of the year. Final analysis of data from a trial involving 30,000 participants showed the vaccine was more than 94% effective in preventing COVID-19 […]

Vaccine hopes rise

Pfizer and BioNTech submit Covid vaccine for US approvalPfizer and BioNTech became the first pharmaceutical companies to apply for regulatory approval of a coronavirus vaccine after submitting their COVID-19 candidate for emergency authorisation in the US on Friday.Financial TimesCity AM

CBILS Loan demand soars

Close Brothers boosted by coronavirus loan demandMerchant banking group Close Brothers saw its loan book rise by 5.6% to £8bn in the three months to the end of October, with its banking division boosted by demand for financing under the Coronavirus Business Interruption Loan Scheme. Total client assets at the fund management unit climbed to […]